What this ETF is trying to do

The TEMA U.S. Manufacturing & Reshoring ETF (RSHO) focuses on companies involved in manufacturing and "reshoring," which is the process of bringing production back to the United States. It holds a variety of companies, including industrial and technology firms.

What the numbers show

As of October 5, 2026, the share price was $61.81. The data shows strong growth over several timeframes:

• Year-to-Date: The price return is 39.40%.

• One Year: The price return is 42.30%.

• Three Years: The price return is 127.65%.

The ETF also provides "total return" figures, which include both the share-price change and the distributions paid out. The one-year total return was 42.71%, and the three-year total return was 129.47%.

To put the one-year growth in perspective, the estimated price from roughly one year ago was $43.43. If you had invested $10,000 based on that estimated price, the price-only increase would have grown that investment to approximately $14,230.

Income and distribution explanation

This ETF has a distribution yield of 0.21%. This is a very low yield, and the payout frequency is irregular. In the last 12 months, there was only one payout.

It is important for beginners to remember that a high distribution yield alone can be misleading. While some investors look for high yields for cash income, those payouts do not guarantee that the original investment (the principal) is safe.

NAV erosion explanation

"NAV erosion" happens when the actual value of the fund's underlying assets declines over time. This ETF has an erosion-risk score of 100, and the erosion severity is listed as "good." The data indicates that no price erosion was detected, and there is no severe erosion-risk flag for this fund.

Top Holdings

The fund holds 24 companies in total. As of October 7, 2026, the top holdings (which are a partial list) include:

• The Timken Co: 7.17%

• Cognex Corp: 7.11%

• Gates Industrial Corp Ltd: 6.98%

• Parker Hannifin Corp: 6.81%

• Applied Industrial Technologies Inc: 6.79%

• Terex Corp: 6.11%

• Eaton Corp PLC: 5.20%

• Novanta Inc: 5.07%

• ATI Inc: 5.00%

• Caterpillar Inc: 4.92%

Pros

• Strong price returns over the last one and three years.

• No detected NAV erosion.

• Diversified across several large industrial companies.

Cons

• Very low distribution yield.

• Irregular payout schedule.

Beginner takeaway

RSHO is an ETF that has seen significant share-price growth recently. While it does not provide much cash income through distributions, its primary value has come from the increase in its share price.